Bloomberg Tax

Czech businesses now have until the beginning of 2023 to resume electronic reporting of sales—an important anti-tax evasion tool—under a bill that passed the Senate Thursday. The bill, which passed by a 40-0 margin, with 3 abstentions, now heads to the president for signature. Previously, the Czech Republic had suspended electronic reporting of sales until the end of this year.Continue Reading

The Czech Republic’s planned tax on digital services will be only temporary, Foreign Minister Tomas Petricek says in a reaction to U.S. criticism of the proposal. “I understand that the United States perceive this negatively,” Petricek said on the public television CT. “On the other hand, we’re trying to explain that this step is only temporary until an international solution is found.”Continue Reading